Quiet, Mixed Trade amidst Snow Storm
Feb 01, 2011
Kansas City wheat futures traded both sides of unchanged this morning, opening lower along with weakness overnight in the Paris wheat market, according to traders.
A weaker U.S. Dollar this morning and declining crop conditions took the market back to the plus side, traders said.
Continued concerns regarding political unrest in Egypt and possible delays in logistics of wheat imports to that country kept gains in check this morning, traders said.
Trading was quiet amidst a massive winter storm that is moving across the Midwest today.
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The KCBT, founded in 1856, is Kansas City's oldest business and the world's largest futures market for hard red winter wheat. Daily quotes, market commentary, historical data and charting services are available on our website at www.kcbt.com.
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